Invesco S&P MidCap 400 Pure Value ETF (NYSEARCA:RFV) Sees Significant Growth in Short Interest

Invesco S&P MidCap 400 Pure Value ETF (NYSEARCA:RFV) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 6,994 shares, a growth of 134.9% from the June 30th total of 2,978 shares. Based on an average trading volume of 6,283 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Investors Weigh In On Invesco S&P MidCap 400 Pure Value ETF

Hedge funds have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC boosted its stake in shares of Invesco S&P MidCap 400 Pure Value ETF by 5,592.9% in the 4th quarter. Golden State Wealth Management LLC now owns 797 shares of the company’s stock worth $102,000 after buying an additional 783 shares during the last quarter. NewEdge Advisors LLC increased its position in Invesco S&P MidCap 400 Pure Value ETF by 174.2% during the third quarter. NewEdge Advisors LLC now owns 817 shares of the company’s stock valued at $105,000 after acquiring an additional 519 shares during the last quarter. IFP Advisors Inc increased its position in Invesco S&P MidCap 400 Pure Value ETF by 71.0% during the third quarter. IFP Advisors Inc now owns 1,072 shares of the company’s stock valued at $137,000 after acquiring an additional 445 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in Invesco S&P MidCap 400 Pure Value ETF in the fourth quarter valued at about $169,000. Finally, Geneos Wealth Management Inc. boosted its position in Invesco S&P MidCap 400 Pure Value ETF by 1,841.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,806 shares of the company’s stock worth $231,000 after purchasing an additional 1,713 shares during the last quarter.

Invesco S&P MidCap 400 Pure Value ETF Stock Performance

Shares of RFV traded down $0.14 during mid-day trading on Wednesday, hitting $149.98. 5,402 shares of the company traded hands, compared to its average volume of 6,787. The stock has a market cap of $335.96 million, a price-to-earnings ratio of 10.99 and a beta of 1.05. The stock has a 50-day moving average price of $144.05 and a two-hundred day moving average price of $137.88. Invesco S&P MidCap 400 Pure Value ETF has a 1 year low of $118.44 and a 1 year high of $150.67.

Invesco S&P MidCap 400 Pure Value ETF Company Profile

The Invesco S&P MidCap 400 Pure Value ETF (RFV) is an exchange-traded fund that is based on the S&P Mid Cap 400 Pure Value index. The fund tracks a fundamentally weighted index of US-listed value companies. RFV was launched on Mar 1, 2006 and is managed by Invesco.